Chinese delegation largest to attend Panama’s trade fair
The Chinese commercial delegation will once again be the largest one in the International trade fair Expocomer 2011 in Panama, the authorities said.
Fernando Arango, president of the Commerce, Industry and Agriculture Chamber, announced that China has taken 73 stands at the Exhibition.
“China’s participation is important to us. We can see the quality of Chinese products becomes better year after year,” he said.
The Chinese delegation will participate in 5 Key sectors: textiles, food, services, construction and technology.
More than 35 countries will attend the fair with their commercial delegations and buyers, according to Carlos Rodriguez, president of the Expocomer committee.
The 4 day fair held at the Atlapa Convention Center of Panama Bay, will cover about 9,500 sq. meters, Rodriguez added.
The Exhibition will provide 634 stands for more than 500 companies to present their newest manufacturing, industrial and technological products.
Besides China, other countries from Asia, Europe and North and South America, will take part in the fair.
The total volume of business transactions reached over US$124M last year, and the figure is expected to be surpassed this year.—Paul A. Ebeling, Jnr.
HK has strong goods trade growth in January
HK has strong goods trade growth in January
Hong Kong’s goods exports rose 27.6% Y-Y in January to 283.7B HK dollars (about US$36.4B) while the imports increased 19% over a year earlier to 299.6B HK dollars, the authority said Thursday.
According to Hong Kong’s Census and Statistics Department, the value of re-exports grew 28.1% to 277.6B HK dollars in January, while the value of domestic exports rose 9.1% to 6.1B HK dollars.
A visible trade deficit of 16B HK dollars, equivalent to 5.3% of the value of goods imports, was recorded in the month.
Moreover, comparing the three-month period ending January with the preceding three months on a seasonally adjusted basis, the value of total goods exports rose 4.7% while the value of goods imports increased 5.6%.
The value of re-exports grew 4.5% while the value of domestic exports went up 14.1%. (1 USD = about 7.8 HK dollars) —Paul A. Ebeling, Jnr. www.livetradingnews.com